CORPORATE GOVERNANCE, LIQUIDITY AND MATURITY ANALYSIS ON BONDS YIELD WITH BOND RATINGS AS INTERVENING VARIABLES IN COMPANIES LISTED ON IDX

The study aims to examine how corporate governance, liquidity and maturity affect bonds yield with intervening variable such as bond ratings. The data using secondary data which is annual data from companies whose bonds are outstanding during the 2016-2018 period. The sampling technique using purpos...

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Autores principales:	Alinto A., Isnurhadi, Widiyanti M.
Formato:	article
Lenguaje:	EN RU
Publicado:	Russian Journal of Agricultural and Socio-Economic Sciences 2021
Materias:	corporate governance liquidity maturity bond ratings bonds yield Agriculture (General) S1-972
Acceso en línea:	https://doaj.org/article/318e84a93a614177ab6a2dcaa21d02f5
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spelling	oai:doaj.org-article:318e84a93a614177ab6a2dcaa21d02f52021-11-04T10:03:38ZCORPORATE GOVERNANCE, LIQUIDITY AND MATURITY ANALYSIS ON BONDS YIELD WITH BOND RATINGS AS INTERVENING VARIABLES IN COMPANIES LISTED ON IDX10.18551/rjoas.2021-10.222226-1184https://doaj.org/article/318e84a93a614177ab6a2dcaa21d02f52021-10-01T00:00:00Zhttps://doaj.org/toc/2226-1184The study aims to examine how corporate governance, liquidity and maturity affect bonds yield with intervening variable such as bond ratings. The data using secondary data which is annual data from companies whose bonds are outstanding during the 2016-2018 period. The sampling technique using purposive sampling method and the sample consists of 285 corporate bonds. The analysis technique using path analysis and the data was processed using the AMOS Structural Equation Modeling (SEM) program. The results showed that there is no effect of corporate governance on bonds yield, while the effect of corporate governance on bond ratings is positive. For liqudity, there is no effect of liquidity on bonds yield, while the effect of liquidity on bond ratings is significant negative. For maturity, the effect of maturity on bonds yield is significant positive and also there is positive effect of maturity on bond ratings. The effect of bond ratings on bonds yield is significant negative. These results indicate that the ratings in this study can mediate corporate governance, liquidity and maturity variables on bond yields. The result also showing that bond ratings fully mediate the effect of corporate governance and liquidity on bonds yield while for maturity, bond rating partially mediated the effect of maturity on bonds yield.Alinto A.IsnurhadiWidiyanti M.Russian Journal of Agricultural and Socio-Economic Sciencesarticlecorporate governanceliquiditymaturitybond ratingsbonds yieldAgriculture (General)S1-972ENRURussian Journal of Agricultural and Socio-Economic Sciences, Vol 118, Iss 10, Pp 199-207 (2021)
institution	DOAJ
collection	DOAJ
language	EN RU
topic	corporate governance liquidity maturity bond ratings bonds yield Agriculture (General) S1-972
spellingShingle	corporate governance liquidity maturity bond ratings bonds yield Agriculture (General) S1-972 Alinto A. Isnurhadi Widiyanti M. CORPORATE GOVERNANCE, LIQUIDITY AND MATURITY ANALYSIS ON BONDS YIELD WITH BOND RATINGS AS INTERVENING VARIABLES IN COMPANIES LISTED ON IDX
description	The study aims to examine how corporate governance, liquidity and maturity affect bonds yield with intervening variable such as bond ratings. The data using secondary data which is annual data from companies whose bonds are outstanding during the 2016-2018 period. The sampling technique using purposive sampling method and the sample consists of 285 corporate bonds. The analysis technique using path analysis and the data was processed using the AMOS Structural Equation Modeling (SEM) program. The results showed that there is no effect of corporate governance on bonds yield, while the effect of corporate governance on bond ratings is positive. For liqudity, there is no effect of liquidity on bonds yield, while the effect of liquidity on bond ratings is significant negative. For maturity, the effect of maturity on bonds yield is significant positive and also there is positive effect of maturity on bond ratings. The effect of bond ratings on bonds yield is significant negative. These results indicate that the ratings in this study can mediate corporate governance, liquidity and maturity variables on bond yields. The result also showing that bond ratings fully mediate the effect of corporate governance and liquidity on bonds yield while for maturity, bond rating partially mediated the effect of maturity on bonds yield.
format	article
author	Alinto A. Isnurhadi Widiyanti M.
author_facet	Alinto A. Isnurhadi Widiyanti M.
author_sort	Alinto A.
title	CORPORATE GOVERNANCE, LIQUIDITY AND MATURITY ANALYSIS ON BONDS YIELD WITH BOND RATINGS AS INTERVENING VARIABLES IN COMPANIES LISTED ON IDX
title_short	CORPORATE GOVERNANCE, LIQUIDITY AND MATURITY ANALYSIS ON BONDS YIELD WITH BOND RATINGS AS INTERVENING VARIABLES IN COMPANIES LISTED ON IDX
title_full	CORPORATE GOVERNANCE, LIQUIDITY AND MATURITY ANALYSIS ON BONDS YIELD WITH BOND RATINGS AS INTERVENING VARIABLES IN COMPANIES LISTED ON IDX
title_fullStr	CORPORATE GOVERNANCE, LIQUIDITY AND MATURITY ANALYSIS ON BONDS YIELD WITH BOND RATINGS AS INTERVENING VARIABLES IN COMPANIES LISTED ON IDX
title_full_unstemmed	CORPORATE GOVERNANCE, LIQUIDITY AND MATURITY ANALYSIS ON BONDS YIELD WITH BOND RATINGS AS INTERVENING VARIABLES IN COMPANIES LISTED ON IDX
title_sort	corporate governance, liquidity and maturity analysis on bonds yield with bond ratings as intervening variables in companies listed on idx
publisher	Russian Journal of Agricultural and Socio-Economic Sciences
publishDate	2021
url	https://doaj.org/article/318e84a93a614177ab6a2dcaa21d02f5
work_keys_str_mv	AT alintoa corporategovernanceliquidityandmaturityanalysisonbondsyieldwithbondratingsasinterveningvariablesincompanieslistedonidx AT isnurhadi corporategovernanceliquidityandmaturityanalysisonbondsyieldwithbondratingsasinterveningvariablesincompanieslistedonidx AT widiyantim corporategovernanceliquidityandmaturityanalysisonbondsyieldwithbondratingsasinterveningvariablesincompanieslistedonidx
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CORPORATE GOVERNANCE, LIQUIDITY AND MATURITY ANALYSIS ON BONDS YIELD WITH BOND RATINGS AS INTERVENING VARIABLES IN COMPANIES LISTED ON IDX

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